on Sassy Gold Corp. (isin : CA8038701048)
Galloper Gold Announces Non-Brokered Private Placement
Vancouver-based Galloper Gold Corp. (CSE:BOOM) has announced a non-brokered private placement, aiming to raise up to $750,000. The funds will come from the sale of units priced at $0.08 each. The offering is expected to close soon.
Each unit consists of one common share and one-half of a non-transferable common share purchase warrant. Each whole warrant allows the purchase of one common share at $0.15 per share within 24 months.
An acceleration clause is in place: if shares trade at or above $0.25 CDN for 10 consecutive days, the company can accelerate the warrant expiry to 30 days post-notice.
Insiders may participate; such participation will be exempt from certain formal valuation and minority shareholder approval requirements. The proceeds will go towards general administrative and marketing expenses.
R. H.
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